Section 1. Short title
This Act may be cited as the National Fish and Wildlife Foundation Reauthorization Act of 2011 2012.
(a) In general
Section 3 of the National Fish and Wildlife Foundation Establishment Act (16 U.S.C. 3702) is amended—
(1) in subsection (b)—
(A) by striking paragraph (2) and inserting the following:
(2) In general
After consulting with the Secretary of Commerce and considering the recommendations submitted by the Board, the Secretary of the Interior shall appoint 28 Directors who, to the maximum extent practicable, shall—
(A) be knowledgeable and experienced in matters relating to conservation of fish, wildlife, or other natural resources; and
(B) represent a balance of expertise in ocean, coastal, freshwater, and terrestrial resource conservation.; and
(B) by striking paragraph (3) and inserting the following:
(3) Terms
Each Director (other than a Director described in paragraph (1)) shall be appointed for a term of 6 years.; and
(2) in subsection (g)(2)—
(A) in subparagraph (A), by striking (A) Officers and employees may not be appointed until the Foundation has sufficient funds to pay them for their service. Officers and inserting the following:
(A) In general
Officers; and
(B) by striking subparagraph (B) and inserting the following:
(B) Executive Director
The Foundation shall have an Executive Director who shall be—
(i) appointed by, and serve at the direction of, the Board as the chief executive officer of the Foundation; and
(ii) knowledgeable and experienced in matters relating to fish and wildlife conservation.
(b) Conforming amendment
Section 4(a)(1)(B) of the North American Wetlands Conservation Act (16 U.S.C. 4403(a)(1)(B)) is amended by striking Secretary of the Board and inserting Executive Director of the Board.
Section 3. Rights and obligations of the Foundation
Section 4 of the National Fish and Wildlife Foundation Establishment Act (16 U.S.C. 3703) is amended—
(1) in subsection (c)—
(A) by striking (c) Powers.—To carry out its purposes under and inserting the following:
(1) In general
To carry out the purposes described in;
(B) by redesignating paragraphs (1) through (11) as subparagraphs (A) through (K), respectively, and indenting appropriately;
(C) in subparagraph (D) (as redesignated by subparagraph (B)), by striking that are insured by an agency or instrumentality of the United States and inserting at 1 or more financial institutions that are members of the Federal Deposit Insurance Corporation or the Securities Investment Protection Corporation;
(D) in subparagraph (E) (as redesignated by subparagraph (B)), by striking paragraph (3) or (4) and inserting subparagraph (C) or (D);
(E) in subparagraph (J) (as redesignated by subparagraph (B)), by striking; and and inserting a semicolon;
(F) by striking subparagraph (K) (as redesignated by subparagraph (B)) and inserting the following:
(K) to receive and administer restitution and community service payments, amounts for mitigation of impacts to natural resources, and other amounts arising from legal, regulatory, or administrative proceedings, subject to the condition that the amounts are received or administered for purposes that further the conservation and management of fish, wildlife, plants, and other natural resources; and
(L) to do any and all acts necessary and proper to carry out the purposes of the Foundation.; and
(G) by striking the undesignated matter at the end and inserting the following:
(A) In general
For purposes of this Act, an interest in real property shall be treated as including easements or other rights for preservation, conservation, protection, or enhancement by and for the public of natural, scenic, historic, scientific, educational, inspirational, or recreational resources.
(B) Encumbered real property
A gift, devise, or bequest may be accepted by the Foundation even though the gift, devise, or bequest is encumbered, restricted, or subject to beneficial interests of private persons if any current or future interest in the gift, devise, or bequest is for the benefit of the Foundation.
(3) Savings clause
The acceptance and administration of amounts by the Foundation under paragraph (1)(K) does not alter, supersede, or limit any regulatory or statutory requirement associated with those amounts.;
(2) by striking subsections (f) and (g); and
(3) by redesignating subsections (h) and (i) as subsections (f) and (g), respectively.